Chester committee: city on track for year‑end budget despite departmental revenue shortfall

The Chester Budget and Finance Committee on May 19 heard a presentation from Chief Financial Officer Richard Troutman showing the city remains on track to meet its year‑end budget despite a shortfall in departmental revenues.

"We have sufficient cash, 17,400,000.0 of operating cash, 17,800,000.0 in specialty funds," CFO Richard Troutman told the committee as he reviewed March financial statements. He said the city is $3,700,000 favorable to budget year to date and is projecting to finish the year at budget "to be conservative."

The nut of the presentation, Troutman said, is that while overall revenues and expenses are favorable to budget through March, several specific lines require monitoring. Real estate tax receipts started a month earlier…